SABLE CAPITAL LIMITED

Company Registration Number:
16215369 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2026

Period of accounts

Start date: 29 January 2025

End date: 31 January 2026

SABLE CAPITAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2026

Balance sheet
Notes

SABLE CAPITAL LIMITED

Balance sheet

As at 31 January 2026


Notes
2026


£
Called up share capital not paid: 100
Fixed assets
Intangible assets: 3 54,582
Tangible assets: 4 2,261
Investments: 5 200,000
Total fixed assets: 256,843
Current assets
Debtors:   952
Cash at bank and in hand: 279,924
Investments: 6 575,399
Total current assets: 856,275
Creditors: amounts falling due within one year:   (75,207)
Net current assets (liabilities): 781,068
Total assets less current liabilities: 1,038,011
Creditors: amounts falling due after more than one year: 7 (831,868)
Provision for liabilities: (14,527)
Total net assets (liabilities): 191,616
Capital and reserves
Called up share capital: 100
Profit and loss account: 191,516
Shareholders funds: 191,616

The notes form part of these financial statements

SABLE CAPITAL LIMITED

Balance sheet statements

For the year ending 31 January 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 October 2026
and signed on behalf of the board by:

Name: James Casper Tobias Kerr
Status: Director

The notes form part of these financial statements

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Equipment: cost less three-year straight-line depreciation and impairment; nil residual value.

Intangible fixed assets and amortisation policy

Crypto: intangible assets at cost, then class revaluation less ten-year straight-line amortisation and impairment; nil residual value. Ten years reflects established markets and no expiry or identified shorter life; technological and regulatory uncertainty prevents a reliable life estimate. Revaluation losses exceeding reserves enter profit or loss.

Valuation and information policy

Investments: fair value through profit or loss; quoted closing prices or recent transaction price for unconverted future equity. Foreign-currency monetary balances and fair values: closing exchange rates; differences in profit or loss.

Other accounting policies

Private company limited by shares, registered in England and Wales. Registered office: 40 Paultons Square, London SW3 5DT. FRS 102 Section 1A; sterling; accruals and going concern. Director/shareholder loans: transaction price, then amortised cost; initially nil effective interest. Tax: enacted rates; current tax on taxable profits, deferred tax on timing differences. Balance sheet amounts are presented in whole pounds. A £1 presentation rounding reconciliation is included in retained earnings.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

2. Employees

2026
Average number of employees during the period 1

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Intangible Assets

Total
Cost £
Additions 80,551
Revaluations (23,112)
At 31 January 2026 57,439
Amortisation
Charge for year 2,857
At 31 January 2026 2,857
Net book value
At 31 January 2026 54,582

Opening balances, disposals and transfers: nil. Revaluation reserve: opening, movements and closing nil. Crypto valuation at 31 January 2026: Coinbase closing prices and closing exchange rates, adopted by J.C.T. Kerr, director, on 21 October 2026. Historical cost: £80,550.89; cumulative amortisation/impairment: £25,969.14. Carrying amount under historical cost is also £54,581.75.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

4. Tangible Assets

Total
Cost £
Additions 3,034
At 31 January 2026 3,034
Depreciation
Charge for year 773
At 31 January 2026 773
Net book value
At 31 January 2026 2,261

Opening balances, disposals, transfers and revaluations: nil. Carrying amount under historical cost is also £2,260.95.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

5. Fixed investments

Unquoted investment: additions £200,000; closing cost/valuation and carrying amount £200,000. Fair-value gain in profit or loss: nil. Opening balances, disposals, transfers and depreciation/amortisation: nil.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

6. Current investments

Quoted shares: fair value £575,398.78; gain recognised in profit or loss £313,202.66.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

7. Creditors: amounts falling due after more than one year note

Unsecured director/shareholder loans, all due after one year: £421,867.55 repayable annually subject to profits and free cash, next due by 13 February 2027; £410,000 repayable on at least 30 days' notice from 28 April 2027. Average Bank of England base-rate interest starts on 14 January 2028 and 28 April 2027 respectively.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

8. Financial commitments

Director services: £15,287.67 for the period, unpaid; committed future fees £4,712.33, plus portfolio-based fees to 27 April 2028 not reliably quantifiable.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

9. Related party transactions

Name of the related party:
Relationship:
Directors/shareholders
Description of the Transaction: Unsecured director/shareholder loans, all due after one year. Amounts and terms are set out in the creditors - amounts falling due after one year note.
£
Balance at 31 January 2026 831,868

Director services of £15,287.67 were recognised during the period and remained wholly unpaid at 31 January 2026. The related future commitments are disclosed in the financial commitments note.

SABLE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

10. Post balance sheet events

The unquoted investee raised further funding after year end. This is non-adjusting; conversion of the company's investment is unconfirmed and the financial effect cannot be reliably estimated.